Advanced Emissions Solutions Signs Contract for Construction of Granular Activated Carbon Expansion at Red River Plant with Wieland

Core Viewpoint - Advanced Emissions Solutions, Inc. has signed a contract with Wieland Davco Corporation for the construction of a Granular Activated Carbon facility at its Red River plant in Coushatta, LA, with construction mobilization already underway and expected completion by Q4 2024 [1][2] Company Developments - The total construction and equipment costs for the Red River facility are estimated to be between $45-50 million, reflecting a 20% increase from previous estimates due to inflation and timing issues [2] - The company is confident that the increased costs will be managed through existing capital, anticipated cash flow in 2024, and cost reductions in other areas [2] - Major construction at the Corbin facility in Kentucky, which will supply feedstock for the Red River plant, is on track for timely completion and within budget, with commissioning activities set to begin in March 2024 [3] Market Outlook - The CEO of ADES expressed optimism about entering a materially undersupplied GAC market in North America, anticipating valuable sales contracts ahead of the facility's completion [3] - The company plans to produce 25 million pounds of GAC as part of its expansion efforts [3] Strategic Partnerships - The partnership with Wieland is highlighted as a key element in the successful execution of the construction project, with both companies committed to delivering the project safely, on time, and within budget [3]